I chose include this article because it has been the theme for My Week In Review since COVID. This artcle by Matthew Gardner chief economist for Windermere Real Estate & the second largest
Week In Review June 14 to June 21, 2020
It is June 22 and it feels like we have been doing July 4th Week since Memorial Day. Perhaps we can be grateful for stunning weather, the seaweed being gone and the gulf waters are quieter and no matter which beach you are at, if you look east & west you will see that the beaches & the gulf waters are lined with the folks who are steadily improving our economy.
For the 5th week in a row properties under contract continue to increase in number and we have had the highest new listings come to the market and the highest number of closing since March 13th and you can expect that July closings will be still higher still.
What you do not see in these graphs are some impressive indicators, year over year comparison for the same week a year ago shows “New Listings” are up 39% compared with last week’s “New Listings” up only 9% compared to a year ago. Properties Under Contract are up 138% compared to last week’s 87% and the “Average Sales Price” is up just 5% over the same time last year.
Sellers, if you are still on the sidelines waiting, this data certainly indicates the time is right to sell and buyers sitting on the sidelines this data suggests that prices are as good as they are going to get.
Please keep in mind that this data is exclusively for inventory in the Destin, Miramar Beach, Santa Rosa Beach, 30A, Inlet Beach & Point Washington market areas. I personally harvest this data with no bias directly from our Local MLS, I ran this data today, June 22, 2020 @ 10:02am, is deemed to be reliable, but is not guaranteed. Please view the graphs below.
I have been a Florida Licensed Realtor for over 24 years, have SOLD more than $550,000,000 worth of every kind of real estate from Pensacola to Destin to 30A and Panama City Beach. With over 20 years....
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